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March 20, 2013, 11:01:37 PM |
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A few of the commenters are pointing out that the gov can't trace Bitcoin to any one person, so it's a pointless practice to monitor the exchanges.
However, the trades which occur on, say, Mt Gox, are mostly data on the site; no Bitcoin is actually passed around until people deposit and withdraw. So they can, in fact, monitor what coins and cash are going where, as you must give them all your info, your name, your address, your everything that can be traced back to you.
In other words, if you're laundering, you won't use an exchange, since it has everything anyone would ever need to incarcerate you.
So...who will they be monitoring?
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